Solo Energy recruits former RWE boss to develop virtual power plant

Virtual power plant company Solo Energy has appointed former RWE boss Julia Lynch Williams as it chair.

Lynch Williams developed new businesses through RWE innogy’s start-up incubator and she co-founded solar energy firm Shine.

At Ireland-headquartered Solo Energy she will develop investor relations and advise on commercial strategies to further the company’s business model, which is to install batteries and vehicle-to-grid chargers into homes and businesses and then aggregate them into a virtual power plant via its own cloud-based platform called FlexiGrid, which uses blockchain peer-to-peer technology to carry out trades.

Lynch Williams said she was “delighted to help bring Solo’s virtual energy network model to fruition. The team has a strong vision for the future, backed by a powerful business model. It will ultimately empower people to take control of their personal energy management, making it completely transparent to the consumer and putting them in control of their energy usage.”

Solo Energy chief executive Mark Hamilton said Lynch Williams’ experience and industry networks “will be invaluable in helping us grow the business to scale as we continue gaining momentum. Our goal is to pave the foundation for a 100 per cent renewable future and Julia will provide the commercial expertise to help us do that.”

Meet Solo Energy at European Utility Week in Vienna next month. They will be at Stand: B.G41

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